It's not just Sharp (SHCAY.PK) that's feeling the pain caused by a weak TV market: Sony (SNE),...

It's not just Sharp (SHCAY.PK) that's feeling the pain caused by a weak TV market: Sony (SNE), Samsung (SSNLF.PK), Panasonic (PC), and LG have all significantly lowered their 2012 sales targets. Sony's target has dropped by 4M to 15.5M, and Samsung's by 10M to 40M. The ripple effects are already being felt by everyone from panel makers (AUO, LPL) to component suppliers (GLW, NXPI, STM) to retailers (HGG, BBY, CONN).
Comments (4)
  • wyostocks
    , contributor
    Comments (9113) | Send Message
    Shocking as I thought the economies around the world are doing so good.
    6 Aug 2012, 02:08 PM Reply Like
  • chopchop0
    , contributor
    Comments (5155) | Send Message
    Yeah but people are suffering from TV fatigue, regardless of the economy



    6 Aug 2012, 02:19 PM Reply Like
  • MikeCarr
    , contributor
    Comments (4) | Send Message
    OK - GLW is on this list, but their primary sales is now (or fast becoming) cell phones, where Gorilla glass gives them a sole source position in many applications.
    As soon as Cramer wakes up and really understands GLWs business, we should see a nice upside - especially at 7-9 times earnings.....and yes, I'm long GLW.
    6 Aug 2012, 04:29 PM Reply Like
  • kathleen031006
    , contributor
    Comment (1) | Send Message
    Thank you for your frank answer. I've owned GLW for over 15 years and made good money on them. I first purchased corning before their troubled times. Their original name was OAK Inds.
    6 Aug 2012, 06:13 PM Reply Like
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